CQF - Information Sessions & Free Sample Lectures

Bloomberg: Banks Got $1.2 Trillion in Secret Federal Reserve Loans (Put US Taxpayers at Big Risk)

Federal Reserve Chairman Ben S. Bernanke’s lent banks and other companies as much as $1.2 trillion of U.S. public money, about the same amount U.S. homeowners currently owe on 6.5 million delinquent and foreclosed mortgages.

The largest borrower, Morgan Stanley (MS), got as much as $107.3 billion, while Citigroup took $99.5 billion and Bank of America $91.4 billion, according to a Bloomberg News compilation of data obtained through Freedom of Information Act requests, months of litigation and an act of Congress.

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